Ripple Gets Singapore Breakthrough With Payments License: CNBC

Cryptocurrency firm Ripple has received in-principle regulatory approval to operate in Singapore, marking a significant step for the blockchain company amidst tightening global cryptocurrency regulations, CNBC reports. License Approval The Major Payment Institution Licence, granted by the Monetary Authority of Singapore, will enable Ripple to offer regulated digital payment token products and services, and expand the cross-border transfers of its associated cryptocurrency, XRP, among its customers, primarily banks and financial institutions.